Note: See on the right side of each post (top right corner) there is "+Merits"
There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18
The biggest bank fraud is Punjab National Bank (PNB) and billionaire Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.
How is this for economics ??
While I do not like the idea of people losing money through frauds I am glad that someone puts forward this information, those that support fiat instead of bitcoin try to make it seem as if the market is flooded with scammers, and while it is undeniable that there are scammers in the market there are more scammers in fiat especially when the biggest scammers are banks and governments.